Small Business Development Services

Starting a business is no easy task. There are a lot of factors to be well aware of including coming up with a good sustainable concept, acquiring the funding to finance it, ample office space, employees, remuneration, and a whole lot more. While this nation has a huge number of budding small business enterprises, it also has development services aimed to uplift and assist new business. Business start-ups are vital in the economy as they assist in reducing the rate of unemployment and alleviating poverty.

There are a number of government and private companies with the sole mandate of helping businesses to launch and mature to be sustainable whilst profitable. Good examples of these are the Small Enterprise Development Agency (Seda), banks like ABSA, FNB and the Land bank amongst others. These established institutions aim in particular to support entrepreneurs in the development of their business plans,  to give financial assistance, business advice and the know-how of market research including the basics of fair practice. Their assistance reaches to all entrepreneurs which will include women, the disabled, minorities, the youth, soldiers, veterans and even return entrepreneurs.

The National Small Business Act categorises small businesses as the following: very small enterprise with less than 10 paid employees, micro enterprises with between 1 to 5 people, survivalist enterprises which are informal and are usually undertaken by unemployed individuals, small enterprises that have less than 100 people and lastly the medium enterprise which has up to 200 employees. Receive more information on this by viewing our Yellow Pages website and choose the assistance best suited for you.